Did you know there are about 100 different types of chart patterns?
They come in different shapes and sizes but they all share something in common : they are a key part of technical analysis and to be able to use them you first need to recognize them.
Below you’ll find the ultimate database with every single chart pattern. You’ll find detailed articles for each going into detailed explanation, giving you examples and data for each pattern. No more doubt about what makes a specific pattern and how well it works.
Moreover, this extensive cheat sheet will definitely give you an edge and let you understand and recognize every pattern. Plus at PatternsWizard, our absolute focus is to bring you data-driven performance statistics. So for most patterns (articles below) you’ll find data about each pattern’s performance statistics and reliability (how often they confirm, reach the target or stop, how often they appear, …) to adjust your trading strategy of financial markets.
Chart patterns are unique formations formed by changes in the price of securities on the price chart. They are the basis of technical analysis.
There are several types of patterns: classic patterns, candlestick patterns and harmonic patterns. As a result, each type has its own specificities. Identify patterns by lines that connect common price points (such as closing prices or high or low points) within a specific time period.
Technical analysts and chart experts seek to identify patterns to predict the future direction of security prices. These patterns can be as simple as a trend line or as complex as a double head and shoulders pattern.
There are three main categories that classify the chart patterns:
Each of these patterns have very strict requirements. To help you easily get your hands on each pattern we detailed them in their own article with everything you should know.
Of course, you can use these patterns in conjunction together, with other indicators or locations (resistance levels or resistance lines) to enhance your hints about future price movements before you take a trade.
Depending on the pattern (each pattern can tell a different story), they can be a hint for :
Regardless of the pattern(s) you’d like to hunt and trade, you’ll need a reliable source to chart your markets. TradingView is the best solution for you! As you may have noticed, most of our charts on the site are taken from charts created on TradingView. Click here to check TradingView for free now!
Want to go into the details of a specific pattern? You’re at the right place!
These patterns often have very imaginative names. Feel free to discover the detailed article for each chart pattern right below :
A Piercing line candlestick pattern is a two-day bullish candlestick reversal pattern that appears in a downtrend. It signals a potential short term reversal from downwards to upwards. It consists … Read more
Candlestick patterns are becoming more and more popular these days for charting prices. They are easy to detect with their colorful bodies and black wicks and easy to observe the … Read more
The Homing Pigeon candlestick pattern is a two-line candlestick pattern. Traditionally, traders consider it a bullish reversal candlestick pattern. However, testing has proved that it may also act as a … Read more
As the name suggests, the Hanging Man candlestick pattern is a bearish sign that appears in uptrends. On occasions, it also tells traders about the upcoming price reversal. The experts … Read more
The Hammer candlestick pattern is a bullish reversal pattern that indicates a potential price reversal to the upside. It appears during the downtrend and signals that the bottom is near. … Read more
Candlestick patterns that have the same opening and closing price are known as “Doji candlestick pattern”. There are four basic types of Doji candles: Four-Price Doji Long-legged Doji Dragonfly Doji … Read more
A Doji Star candlestick pattern is a three-bar pattern. It is considered as a signal of a potential upcoming reversal of the current trend of the market. It is a … Read more
Chart patterns provide so many smart ways of applying harmonic patterns in your chart. Some of them are fully automated approaches and some of them are semi-automated approaches. One of … Read more
The triple top pattern is a bearish reversal pattern. It’s created when price bounces off resistance 3 time at similar levels. It’s a sign the sellers are coming in the … Read more
The Three Stars in the South candlestick pattern is a very rare pattern that doesn’t typically precede large price moves. The bullish pattern forms with three black or red (down) … Read more
We research technical analysis patterns so you know exactly what works well for your favorite markets.
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